Pettee Investors Lowers stake in Union Pacific Corporation (UNP)

Union Pacific Corporation (UNP) : Pettee Investors reduced its stake in Union Pacific Corporation by 1.77% during the most recent quarter end. The investment management company now holds a total of 5,550 shares of Union Pacific Corporation which is valued at $515,429 after selling 100 shares in Union Pacific Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Union Pacific Corporation makes up approximately 0.49% of Pettee Investors’s portfolio.

Other Hedge Funds, Including , Uss Investment Management Ltd boosted its stake in UNP in the latest quarter, The investment management firm added 11,900 additional shares and now holds a total of 1,750,100 shares of Union Pacific Corporation which is valued at $162,531,787. Union Pacific Corporation makes up approx 2.68% of Uss Investment Management Ltd’s portfolio.Bridge Creek Capital Management reduced its stake in UNP by selling 2,962 shares or 9.64% in the most recent quarter. The Hedge Fund company now holds 27,773 shares of UNP which is valued at $2,584,278. Union Pacific Corporation makes up approx 1.49% of Bridge Creek Capital Management’s portfolio.Norman Fields Gottscho Capital Management reduced its stake in UNP by selling 930 shares or 1.78% in the most recent quarter. The Hedge Fund company now holds 51,458 shares of UNP which is valued at $4,844,256. Union Pacific Corporation makes up approx 3.30% of Norman Fields Gottscho Capital Management’s portfolio.Cohen Lawrence B reduced its stake in UNP by selling 108 shares or 3.53% in the most recent quarter. The Hedge Fund company now holds 2,948 shares of UNP which is valued at $267,354. Union Pacific Corporation makes up approx 0.16% of Cohen Lawrence B’s portfolio.Summit Financial Wealth Advisors reduced its stake in UNP by selling 157 shares or 2.45% in the most recent quarter. The Hedge Fund company now holds 6,245 shares of UNP which is valued at $566,359. Union Pacific Corporation makes up approx 0.23% of Summit Financial Wealth Advisors’s portfolio.

Union Pacific Corporation closed down -0.2 points or -0.22% at $92.67 with 22,45,940 shares getting traded on Thursday. Post opening the session at $92.37, the shares hit an intraday low of $91.9426 and an intraday high of $93.09 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Union Pacific Corporation reported $1.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $1.16. The company had revenue of $4770.00 million for the quarter, compared to analysts expectations of $4784.60 million. The company’s revenue was down -12.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.38 EPS.

Many Wall Street Analysts have commented on Union Pacific Corporation. Deutsche Bank Downgraded Union Pacific Corporation on Jul 20, 2016 to ” Hold”, Price Target of the shares are set at $94.Morgan Stanley Upgraded Union Pacific Corporation on Jun 3, 2016 to ” Overweight”, Price Target of the shares are set at $90.Union Pacific Corporation was Initiated by Credit Agricole to “Sell” on May 19, 2016.

Union Pacific Corporation operates through its principal operating company Union Pacific Railroad Company. The Company is a Class I railroad operating in the United States which has 31974 route miles and maintains coordinated schedules with other rail carriers to move freight. It links 23 states in the western two-thirds of the country by rail providing a supply chain link around the world. Its business mix includes agricultural products automotive chemicals coal industrial products and intermodal. The Company serves United States population centers operates from West Coast and Gulf Coast ports to eastern gateways connects with Canada’s rail systems and serves six Mexico gateways. The Company’s freight traffic consists of bulk manifest and premium business.

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